Main St St Montara, CA 94037
- Commercial real estate
- 0.33 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Main St St
- Lot size
- 0.33 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.33-acre commercial property in Montara, California, presents a unique investment opportunity. Located on Main Street, the site boasts breathtaking ocean views and comes with approved plans for a 22-room boutique hotel. Extensive due diligence has already been completed, including comprehensive traffic, soils, drainage, biological, historical, and archaeological studies. The property is currently undergoing planning review, ensuring a streamlined path to development. Beyond the hotel plans, the current zoning allows for alternative uses, such as an adult care facility, offering significant flexibility for future development. Included in the sale are two additional parcels: a 2,502 sq ft lot with a 3-bedroom, 2-bathroom single-family residence at 1350 Main Street (APN 036-052-030), and a 12,066 sq ft lot with two small studio units at 1390 Main Street (APN 036-052-150). The total square footage of all parcels combined is 14,568 sq ft. This prime coastal location offers unparalleled potential for a lucrative commercial venture, capitalizing on the area's natural beauty and strong tourism appeal. The completed studies significantly de-risk the development process, making this a compelling investment opportunity for discerning buyers. The asking price for this exceptional property is $2,950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montara
- County
- San Mateo
- State
- California
- Longitude
- -122.514
- Latitude
- 37.5443
